Registry number: 5-0666472/001
Studio apartment in Budva
For sale studio-type apartments with a total area of 27 m2 are located on the 6th floor of a new house in the very center of Budva in the immediate vicinity of the Tre Canne apart-hotel.
The distance to the sea is only 150 meters, to the Old Town 800 meters.
The spacious terrace offers a gorgeous view of the mountains.
The apartment is fully furnished, equipped with all necessary appliances and has a very high rental potential due to its location. The apartment is in demand not only during the tourist period, but also out of season
The cost of the apartment is 80,000 euros.
Liquidity calculation:
Renting 45 euros / day. Maximum occupancy is 90 days per season. Profitability per season 4050. Booking expenses 15%
Profitability minus Booking 3442 euros.
Possible monthly rent out of season for 200 euros per month for 8 months. Additional income for the year = 1600 euros.
Total for the year: 5042 euros.
Purchase and maintenance costs 80000+300(annual tax+tax)= 80300.
Payback period 80300 euros / 5042 = 15.9 years. Profitability 5042*100/80300 = 6.2%
Calculations are given for 2021-2022.